As he witnesses the roads around his South Texas farm crumble and deteriorate, Dane Elliot is aware that he is both a victim of the problem and part of it. The farmer and rancher in Live Oak County also owns a small trucking company that hauls oil field equipment.

“My wife works in a local hospital and she has to take our son to daycare,” Eliott said. “It worries me every day with the traffic and road conditions. It weighs on my mind, not only from a maintenance standpoint for my trucks but a safety standpoint for my family.”

The sharp increase in heavy traffic from a historic oil boom has damaged many farm-to-market roads in South and East Texas. The damage related to energy development has become so extensive that state and local authorities lack the funding to make all the repairs. Last month, the Texas Department of Transportation announced plans to convert more than 80 miles of paved roads to gravel. The conversions are expected to start Monday, TxDOT officials said. But the plan has been met with criticism from lawmakers and some of the farmers and ranchers who live near those roads.

“Since paving roads is too expensive and there is not enough funding (that’s what taxes are for, asshole!) to repave them all, our only other option to make them safer is to turn them into gravel roads,” TxDOT spokesman David Glessner said.

Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280 billion in lost income tax revenues, according to research published on Sunday.

The study estimating the extent of global private financial wealth held in offshore accounts – excluding non-financial assets such as real estate, gold, yachts and racehorses – puts the sum at between $21 and $32 trillion.

The research was carried out for pressure group Tax Justice Network, which campaigns against tax havens, by James Henry, former chief economist at consultants McKinsey & Co.

He used data from the World Bank, International Monetary Fund, United Nations and central banks.

The report also highlights the impact on the balance sheets of 139 developing countries of money held in tax havens by private elites, putting wealth beyond the reach of local tax authorities.

The research estimates that since the 1970s, the richest citizens of these 139 countries had amassed $7.3 to $9.3 trillion of “unrecorded offshore wealth” by 2010.

Private wealth held offshore represents “a huge black hole in the world economy,” (yeah, ya think?)Henry said in a statement.

Oliver Wendell Holmes, Jr. (March 8, 1841 – March 6, 1935) was an American jurist who served as an Associate Justice of the Supreme Court of the United States from 1902 to 1932.

Noted for his long service, his concise and pithy opinions and his deference to the decisions of elected legislatures, he is one of the most widely cited United States Supreme Court justices in history, particularly for his “clear and present danger” majority opinion in the 1919 case of Schenck v. United States, and is one of the most influential American common law judges through his outspoken judicial restraint philosophy.

Holmes retired from the Court at the age of 90, making him the oldest Justice in the Supreme Court’s history.

He also served as an Associate Justice and as Chief Justice on the Massachusetts Supreme Judicial Court, and was Weld Professor of Law at the Harvard Law School, of which he was an alumnus.